Reference no: EM131386415
What effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram in your notes to determine the expected effects on the equilibrium price level (P) and level of real output (Q). For each of the economic structures described in a-j, give the effects on P and Q. (ie + or -). (Assume that all other things remain constant.)
a. A widespread fear of depression on the part of consumers.
b. A $2 increase in the excise tax on a pack of cigarettes.
c. A reduction in interest rates at each price level.
d. A major increase in Federal spending for health care.
e. The expectation of rapid inflation.
f. The complete disintegration of OPEC, causing oil prices to fall by one-half.
g. A 10 percent reduction in personal income tax rates.
h. A sizable increase in labor productivity (with no change in nominal wages).
i. A 12 percent increase in nominal wages (with no change in productivity).
j. Depreciation in the international value of the dollar.
|
Whether risk of loss passed from ninth street to harrison
: Harrison refused, contending that risk of loss remained with Ninth Street because of its refusal to deliver the merchandise to Harrison's place of business. Discuss whether the risk of loss passed from Ninth Street to Harrison.
|
|
Can florabelle recover damages from sadie
: Can Florabelle recover damages from Sadie, the proprietor of the dress shop, and Exotic Clothes, Inc., the manufacturer from which Sadie purchased the skirt? Explain.
|
|
Standard deviation of log of wages higher
: Suppose that wages per week in country A (a poor country) which consists of 4 people are $1, $8, $25 and $40, while in country B (a rich country), which also has 4 people, the wages are $120, $500, $1200 and $3500. Question: In which country is th..
|
|
Draw a full-scale isometric view using the snap
: A drawing of a guide block is shown in Fig. 38-14. Draw a full-scale isometric view using the SNAP and ELLIPSE commands. An appropriately spaced grid and snap will facilitate the drawing.
|
|
Widespread fear of depression on the part of consumers
: What effects would each of the following have on aggregate demand or aggregate supply? In each case use a diagram in your notes to determine the expected effects on the equilibrium price level (P) and level of real output (Q). For each of the ec..
|
|
What are the rights of bird
: The perfume contained a foreign chemical that upon the first use of the perfume by Bird severely burned her face and caused a permanent facial disfigurement. What are the rights of Bird, if any, against Dorothy, Young, and the Talent Company?
|
|
Discuss the purpose of interventions
: In this discussion, you will discuss the purpose of interventions and how they find their roots in epidemiological studies
|
|
Discuss the implications of having a sample size
: There are statistical and ethical considerations for getting a study's sample size right. Discuss the implications of having a sample size that is too small. Consider the sample size that would work best for your research proposal. What size do yo..
|
|
Explain whether john will be successful in his lawsuit
: When John used the ‘‘Bleach-All,'' his clothes severely deteriorated due to an error in mixing the chemicals during the detergent's manufacture. John brings an action against Roe to recover damages. Explain whether John will be successful in his l..
|